Laramar Group Buys Multi-Tenant Tampa Medical Building

Linebaugh Avenue Medical Office Building_10909 W. Linebaugh Ave

Medical office properties continue to attract investors due to the long-term demand drivers shaping the healthcare industry.

According to Berkadia’s H1 2023 U.S. Medical & Life Sciences Report, Tampa, Florida has made the national list for top sales volume for the first quarter, ranking eighth with $750 million.

One recent example is The Laramar Group’s acquisition of the Linebaugh Avenue Medical Office Building at 10909 W. Linebaugh Ave. in Tampa. The 28,000-square-foot, multi-tenant building was purchased for the closed-end Laramar Medical Properties Fund I. The building was built in 2000 and is fully leased. It’s near three hospitals and is less than ten miles from Tampa International Airport.

“This asset has a strong tenant base and central location, and we are excited to add this property to our growing medical office portfolio,” said Laramar’s Senior Vice President of Investments Ben Slad.

 

Source:  ConnectCRE

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Mount Sinai Medical Center Pays $32M For Potential Expansion Site

auto dealership at 8250 sw 8th st in Miami_photo credit sfbj 760x320

Mount Sinai Medical Center acquired an auto dealership site in the Westchester neighborhood of western Miami-Dade County for $32 million.

The property last traded for $5.65 million in 2012.

Magic 8th LLC sold the 5.6-acre site at 8250 and 8200 SW Eighth St. to the nonprofit hospital based in Miami Beach. It currently has a 25,046-square-foot auto dealership that was built in 1974.

 

Source:  SFBJ

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Nutex Health Hospital In Review At Beach And Kernan

Rendering of Nutex Health's ER and Micro-Hospital Facility Planned at Northeast Beach and Kernan Boulevards_Image Credit Jax Daily Record 760x320

The city is reviewing a permit application for Houston-based Nutex Health to build and open an ER and micro-hospital facility at northeast Beach and Kernan Boulevards at a project cost of almost $21 million.

Hoar Construction LLC of Birmingham, Alabama, is the contractor for the eight-bed, 28,303-square-foot hospital on 7.85 acres at 12645 Beach Blvd. Gresham Smith of Tampa is the architect.

Plans show eight emergency department exam rooms, eight inpatient beds and an imaging department with MRI, CT scan and X-ray services.

The owner’s name is listed as BBKR Development Partners LLC, based in Atlanta. BBKR bought the 8.42-acre site in August 2022 from Tamaya Loan Acquisition LLC for $4.85 million.

Houston-based Nutex Health Inc. announced in June 2022 that it planned to build and open the facility.

The permit calls it a specialty hospital, which Nutex Health says offers individualized medical care around the clock.

The health care company says that in addition to ER services, specialty hospitals can observe patients overnight or admit them for an extended stay. It says its facilities offer medical treatment, including drug and alcohol detox services and behavioral services.

 

Source:  Jacksonville Daily Record

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CREG’s U.S. Healthcare Investment Sales Practice Sells Two-Building Bradenton Medical Office Portfolio

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Capital Real Estate Group’s U.S. Healthcare Investment Sales practice announced the sale of a two-building medical office portfolio located at 10920 Technology Terrace in Bradenton, Florida totaling 16,488 square feet.

The properties are 100% leased to Florida Digestive Health Specialists, one of the leading gastroenterology practices in Florida, comprised of forty-five (45) board certified gastroenterologists. FDHS offers twenty-six (26) locations throughout Florida and is on the leading edge of gastroenterology innovation.

 

Source:  HREI

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New Medical Practice Opens In Naples With 14,000 SF Lease

708 Goodlette-Frank Road N 760x320

Meliora Healthcare, a new medical practice launched by three area physicians, has opened in Commons Professional Park at 708 Goodlette-Frank Road N in southern Naples.

The practice has executed a lease for the entire 14,139-square-foot second floor in one of the park’s two buildings.

Executive Managing Director of Colliers Brandon Stoneburner facilitated the lease transaction.

Ownership engaged Colliers in September 2021 to represent leasing. At that time, one of the buildings was fully leased to one tenant that had moved out of the space.

“This transaction is indicative of the trend for additional medical services needed within Southwest Florida to accommodate our growing population,” Stoneburner said. “Connecting this exceptional new medical practice with a newly refreshed space from which to serve the community was a win for all involved.”

 

 

Source:  Connect CRE

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